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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72248  
Subject: Re: Self-employed retirement investing Date: 8/29/2000 7:34 AM
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Greetings, Mabar2000, and welcome. You asked:

<<I am a US Citizen working abroad for 5 years now, at a foreing non-profit institution. Although in the past I had established retirement plans with previous employers(Prudential, annuity program, and a Vangard IRA rollover) I have not contributed to those and I do not have a current retirement plan with my present employer. Does somebody know if I would qualify for a Keogh or an H10 plan?. Would the contributions be tax deferred? .>>

If you have earned income (i.e., job wages) that you claim for income tax purposes (i.e., you have not excluded it as foreign job income), then you may make a deductible contribution of up to $2K annually to an IRA. However, you are not eligible for one of the self-employed programs like a Keogh, SEP or SIMPLE because you are not self-employed and the foreign entity for which you work may not establish such a plan for you.

Regards..Pixy
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